Q3 2024 EPS Estimates for Titan International, Inc. Reduced by Analyst (NYSE:TWI)

Titan International, Inc. (NYSE:TWI) – Zacks Small Cap dropped their Q3 2024 EPS estimates for shares of Titan International in a report released on Tuesday, May 7th. Zacks Small Cap analyst T. Kerr now forecasts that the industrial products company will earn $0.33 per share for the quarter, down from their previous forecast of $0.36. The consensus estimate for Titan International’s current full-year earnings is $1.46 per share. Zacks Small Cap also issued estimates for Titan International’s Q4 2024 earnings at $0.32 EPS.

Separately, TheStreet cut shares of Titan International from a “b-” rating to a “c” rating in a research note on Thursday, February 29th.

Titan International Trading Down 2.4 %

Shares of TWI opened at $8.87 on Wednesday. The stock has a market capitalization of $645.99 million, a PE ratio of 9.96 and a beta of 2.09. The company’s fifty day moving average is $12.00 and its 200 day moving average is $13.17. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.31 and a current ratio of 2.33. Titan International has a fifty-two week low of $8.65 and a fifty-two week high of $15.33.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The firm had revenue of $482.21 million for the quarter, compared to the consensus estimate of $537.32 million. Titan International had a net margin of 3.20% and a return on equity of 17.27%. During the same period in the previous year, the company posted $0.53 earnings per share.

Insider Activity

In related news, CAO Anthony Eheli sold 2,500 shares of the firm’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the completion of the sale, the chief accounting officer now directly owns 52,918 shares in the company, valued at $657,241.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 32.50% of the company’s stock.

Institutional Trading of Titan International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tritonpoint Wealth LLC purchased a new stake in shares of Titan International during the fourth quarter valued at $2,568,000. Pacer Advisors Inc. boosted its position in Titan International by 38.1% in the 4th quarter. Pacer Advisors Inc. now owns 2,310,404 shares of the industrial products company’s stock valued at $34,379,000 after buying an additional 637,123 shares during the period. Brandywine Global Investment Management LLC bought a new position in Titan International in the 3rd quarter worth about $2,564,000. TD Asset Management Inc increased its position in shares of Titan International by 12.3% during the third quarter. TD Asset Management Inc now owns 55,500 shares of the industrial products company’s stock worth $745,000 after acquiring an additional 6,100 shares during the period. Finally, Mork Capital Management LLC bought a new stake in shares of Titan International during the third quarter valued at approximately $1,209,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.